There is no fixed time to spend in demo 3 months or others. It depends on your trading ability. Newcomers should trade in demo according to pips school knowledge and after successful minimum 70-80 trades it is more appropriate to start on a real account.

It relies upon you, you may take only 2 months on a demo record to prepare for the genuine exchanging, and perhaps you will require 1 year, also, for beyond any doubt it relies upon your opportunity as well

I started off trading on a demo account, but I soon found that it was of no value to me first of all because I was willing to risk a lot more and ultimately I would place risky trades because I wasn't scared of loosing. I know this is really defeating the object because you are supposed to try out things you have learnt, but in the end I just tried and see how much money I could make risking higher amounts. The second thing I found was that I am too impatient, I want to make money out of Forex and I wasn't making any on a demo account!So I opened a real account and deposited 100$ at the end Of December 2017. Since that time I have been a lot more careful with my trades, trying to stick with my plan because I don't want to loose my real money. I don't know if it is beginners luck or what, but by 31 January my account was standing on 167$. So in the end it's a case of jumping into the deep end to learn to swim!

Generally when trading in demo there is no emotions and we can trade here freely but we can’t avoid emotions in live at any faction. That’s why instead of demo sometimes we can practice in micro account to ensure live trading experience.

So I opened a real account and deposited 100$ at the end Of December 2017. Since that time I have been a lot more careful with my trades, trying to stick with my plan because I don't want to loose my real money. I don't know if it is beginners luck or what, but by 31 January my account was standing on 167$. So in the end it's a case of jumping into the deep end to learn to swim!

NO....it's a case of Jump in the Deep end and swimbut..you didn't notice the scuba diver tying a chain to your ankles that is connected to a concrete slab

so.. you proceed to drown while attempting to swim to the surface.

Mate. ... seriously... $100and you think the advice is... JUMP IN THE DEEP END

good for you for getting $67you may even make it to $300

THEN.... You'll lose it all what can i say.... this is how it worksFeel free to prove it wrong

@GLTraderhehe.Believe it or not mate, i'm actually trying to help you.

Encouragement is one thing , and i could say to you.... "Right on mate. Exactly right"but.. that's bloody useless because all that encouragement goes down the toilet when you lose your money

Truth is more constructive that Encouragement in forex.I'm telling you the truth

don't mean to put a shadow on your party matebut seriously$100 ??

you want to be encouraged.... OK

I wish you the best bloody trading in the worldI hope you become a millionaire and come back here and tell me that i'm was bloody wrong and you stick in my face and brag about it... i would love that mategood luck to you

Thank you mate, I am sure you are really speaking from a lot of experience! Just how exactly is it that you are trying to help me? By telling me that starting off with 100$ is ridiculous, or that there are risks involved in trading and I am going to loose all my money? You only loose money if you do stupid things and that's why I am saying trading with real money (even just 100$, which is actually ZAR1186 in my currency), makes you more careful.

During January I made 39 trades of which only 16 were winning trades and 23 were losing trades, yet I increased my account by 67%. This can only be achieved by careful money management, knowing where to place your stops and when to take profits. Now is this only possible if you have huge trading account or does that apply to all sizes of accounts?

I am definitely not under the illusion that this will happen every month, I am not yet an expert trader....very far from it actually, and I know that somewhere along the line I am going to loose, but I am definitely going to do my best to try and minimize my losses.

But thank you for your comments, one is never too old or too wise to learn.

Respectfully, I don't know what I am doing that is so stupid? I enter a trade, after I have analyzed the market to see if there is a trend up or down, am I near a support or resistance line, are there any recognizable chart patterns, are there any candlestick patterns in place, in other words I minimize my risk of making a losing trade......oh and yes I do have the stochastic in place too to tell me whether it is oversold or overbought. All of this stuff I learn of sites like Babypips, unless they talking rubbish?!

Then I will place a SL and a TP according to what I specified in my trading plan, so that if the price moves against me I minimize my loss, but if it goes with me I make a much bigger profit.......not rocket science really, just basic money management!!

I do not take advice or even criticism personally, as long as it is good advice coming from somebody who really knows what they are talking about. If you can honestly tell me that what I am doing is stupid then RESPECTFULLY I think you don't have a clue what you are talking about.

I suppose you are always winning? Or do you have a strategy in place to prevent you from winning? I would like to get my hands on that strategy, I will become that millionaire you referred to earlier and that with only 100$!

GL, sounds like a fairly solid plan you have there. Losses are inevitable, and your plan cuts them out before they haemorrhage your account, very sensible. Keep up the good work, you're on the right path

I do not take advice or even criticism personally, as long as it is good advice coming from somebody who really knows what they are talking about.

Mate. i do know what i'm talking about.i'm financially free from trading forex.i'm not an institutional trader, but i have gained financial freedom from this... so.. that's definitely qualifies

GLTrader:

If you can honestly tell me that what I am doing is stupid then RESPECTFULLY I think you don't have a clue what you are talking about.

of course you think that, what else would you think ?i have already told you what you did wrong

but like i said.... Beginners take it offensively

Mate.. Looksorry for offending you .... ok (and that is not sarcasm... by the way)don't worry about it... i won't go on about it, because I KNOW doing so will only upset you further

I tried to help youbut like i saidwhen you're a beginner and you do things wrong.. YOU CAN'T SEE IT, that's why you do it.if you could see it. you wouldn't be doing it. simple as that.

GLTrader:

I suppose you are always winning?

No.. Not alwaysbut, definitely Most of the time

GLTrader:

Or do you have a strategy in place to prevent you from winning?

i think you mean. to prevent me from LOSINGYES I DO

now.. You are going to ask...ok martin , share it with the forum heheWHY ??

Mate, honestly... do you have any idea what would happen if i did that

this is a forum where most people dont know how to tradethen you have rude people then you have all sort of other people

i dont' have a perfect system, but it bloody works for me .now. if i had a perfect system and i put it up here.. I PROMISE it would be ridiculed to high hell and back

secondly.even if my system works for me , it doesn't necessarily mean it will work for you, i developed it over some 7 odd years

so... No, I won't be posting it because i don't need the crap and i have no benefit to post it.

GLTrader:

I will become that millionaire you referred to earlier and that with only 100$!

No.. you won'tbut.. if you crunch some numbers and figure out a way to anticipate losses, you will find that you can offset losses.and this will indeed make you a millionaire in around 3 years.. IF YOU DO IT CORRECTLY

you would merely need to start with around $3,000 (not $100)

now like i saidprove me wrong mate. i would love nothing betterbut, history has shown us that people that start with $100 end up with blown accounts

now like i said, PROVE ME WRONG by all means

facts are

I do know what i'm talking abouti am trying to help you in the most sincerest way i person can .. ok

but, obviously and evidently, i've offended youfor that i apologise

my advice to you materoll with what you think is correct.. oki would suggest get your balance above $1000and crunch some numbers and figure out how to protect yourself if really bad situations arise

that's my advice to younow.. you can dismiss it as me being an idiot who hasn't got a clue, and that's fine... I understandor you can take it on board and give it a try on demowhat would it hurt you to do that

I definitely stand for starting to trade with a demo account. You should spend there several months before you're confident in your actions and your virtual profit is 5-10% in average. There you'll switch to the real account without any problem.

So in the end it's a case of jumping into the deep end to learn to swim!

You've identified clearly the problem of trying to learn the phycology of trading whilst using a demo account.

Now you are experiencing the phycology of winning and losing on a live.

You are right to make the move, the demo work was done, it's purpose served.

When switching to a live the absolute worst thing would be to open a live with an excessive amount, the brokers would love you, usually most guys would pull the plug after losing half their excessive deposit, never to trade again.

Stick with it, remain detached, and the only part that I disagree with is the quoted, seems you are stepping in at the shallow end and getting a feel for the water.

The biggest danger to a successful live start is complacency - always imagine that someone close is looking over your shoulder

Demo account only using virtual money and no emotion pressure, but still useful for beginner start practice without any risk, but trading in real account will already involved emotion and sometime making trader being angry if facing floating loss, but if we want making real money of course must choose real account

Hey Martin, I assume your name is Martin? Don't get your knickers in a knot mate, its all said in good spirit and no offense taken really. Oh and you are definitely not an idiot!

I have tried the demo way and it is not for me, oh and I just looked I am now standing on $181......getting closer to that $3000 you are talking about. It's really a learning curve for me and the excitement and the adrenaline rush, I thrive on that.

Perhaps one day I will come visit you in Aussi land, but only when I make my first million